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  5. ›RFP Exec Search Firm for Associate Vice President, Major…

Awarded contract·Wayne State University·Michigan

RFP Exec Search Firm for Associate Vice President, Major Gifts and Planned Giving - 2024

Won by Talent Citizen$80kSingle Award
Contract source

Awarded vendors

  • Talent Citizen

Description

Wayne State University issued an open RFP for executive‑search services to fill the Associate Vice President, Major Gifts and Planned Giving position. The university sought a full‑service search firm capable of designing and executing a comprehensive candidate search, incorporating DEI principles, and providing a detailed fee schedule. After the bid deadline of March 15, 2024, the contract was awarded to Talent Citizen. The award includes responsibilities such as candidate identification, evaluation, coordination with the university’s hiring system, and delivery of references and a fee schedule. No specific financial figures or contract term dates were disclosed in the documents. • Scope: Full‑service executive search for a senior fundraising role (AVP, Major Gifts & Planned Giving). • Requirements: Experience in higher‑education fundraising searches, DEI methodology, fee schedule, references. • Awarded Vendor: Talent Citizen (contact details not provided). • Key Dates: RFP issued March 4, 2024; proposal deadline March 15, 2024; award announced (date not specified).

Attached files

Key dates

Bids closed
3/15/2024

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Consulting Services
NAICS
541612

Contract value

$80,000

The RFP does not disclose the fee schedule or total contract value. Executive‑search firms typically charge a contingency fee ranging from 20‑35 % of the placed candidate’s first‑year compensation. The advertised position’s salary is $200,000–$225,000; using a median 30 % fee yields roughly $60,000–$68,000. Adding anticipated travel and administrative expenses (estimated $10,000–$15,000) suggests a total contract value in the vicinity of $70,000–$85,000. Considering a modest buffer for unforeseen costs, a reasonable ball‑park estimate is about $80,000.

AI estimate from the award documents

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